meena bought 20 dining tables for rs 120000 and sold them at a profit equal to cp of 4 dining tables. Find sp of one dining table.
Answers
Let the selling price of 1 table be x
P = total profit
S.P of 20 tables = 20x
C. P of 20 tables = 120000
Now,
Price of 1 table = 120000 ÷ 20 = 6000 rs
Now,
P = CP of 4 tables
P = 4 x 6000
=24,000
S. P = 120000 + 24000
= 144000
S.P of 1 table = 144000 ÷ 20
=7200 rs
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20 Dining Tables = Rs 120,000 (Given)
.
STEP 1: Find the cost of 1 Dining Table:
20 Dining Tables = Rs 120,000
1 Dining Table = 120,000 ÷ 20 = Rs 6000
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STEP 2: Find the profit:
Profit = Cost Price of 4 Dining Tables
Profit = 4 x 6000 = Rs 24,000
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STEP 3: Find Selling Price of 20 Dining Tables
Selling Price = 120,000 + 24,000 - Rs 144,000
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STEP 4: Find the Selling Price of 1 Dining Table:
20 Dining Tables = Rs 144,000
1 Dining Table = 144,000 ÷ 20 = Rs 7200
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Answer: The Selling Price of one dining table is Rs 7200.
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